Marathon Mined 3,197 BTC In 2021, An 846% Increase YoY

2 years ago

Last twelvemonth was Marathon’s champion twelvemonth to day arsenic the miner accrued its hash complaint by 1,790%.

Last twelvemonth was Marathon’s champion twelvemonth to day arsenic the miner accrued its hash complaint by 1,790%.

  • Marathon mined 3,197 bitcoin successful 2021, an 846% summation from the erstwhile year.
  • In December, the institution produced 147% much bitcoin than successful November.
  • Marathon received implicit 10,000 caller mining rigs from Bitmain during December.

Bitcoin mining institution Marathon Digital Holdings had a grounds twelvemonth successful 2021 arsenic it produced implicit 3,000 bitcoin, up from 338 BTC successful the erstwhile year, the institution said successful a connection Monday. The miner present holds a full of 8,133 BTC worthy astir $370 cardinal astatine the clip of writing.

Marathon’s monthly accumulation besides spiked successful December arsenic the miner saw its operations relation adjacent full capableness aft a erstwhile period marked by maintenance enactment and upgrades successful its powerfulness plants. The miner produced 417.7 BTC successful October, 196 BTC successful November, and 484.5 BTC successful December.

“2021 was a transformative twelvemonth for Marathon arsenic we accrued our hash complaint 1,790% and accrued our bitcoin accumulation 846% year-over-year to 3,197 self-mined BTC,” said Fred Thiel, Marathon’s CEO, successful a statement. “We finished the twelvemonth with our astir productive period to date, producing 484.5 bitcoin successful December and 1,098 bitcoin successful the 4th quarter.”

 Marathon Digital Holdings.

Marathon’s monthly accumulation of self-mined bitcoin and the full Bitcoin web hash rate. Source: Marathon Digital Holdings.

Marathon said it deployed 30,391 bitcoin mining machines past twelvemonth to summation its hash complaint capableness from 0.2 exahashes per 2nd (EH/s) successful January to 3.5 EH/s successful December. The institution besides expanded a hosting statement with Compute North to accommodate 100,000 miners, an other 30,000 rigs from the archetypal deal. Marathon said its mining fleet presently consists of 32,350 progressive machines.

In December, Marathon announced a stellar $879 cardinal acquisition of 78,000 bitcoin mining rigs from Bitmain successful a propulsion to scope implicit 23 EH/s of hash complaint capableness by the extremity of adjacent year. As per the acquisition agreement’s terms, the institution volition person 13,000 machines per period betwixt July and December 2022.

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